European banks charge ahead in Q1
NEWS
Deutsche Bank experienced another record Q1 in sales and trading, with revenues from debt and other products reaching e2.8 billion. This was up 19% over its previous record set in Q1 2005. The bank said its FX business substantially increased revenues against a background of higher volatility in G10 currencies. However, it did not break out FX results. Net revenues in interest rate products were lower due to reduced customer activity in duration management and structured investment products.
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